SJM The J. M. Smucker Company Options Ahead of Earnings

Analyzing the options chain and the chart patterns of SJM The J. M. Smucker Company prior to the earnings report this week,
I would consider purchasing the 140usd strike price in the money Calls with
an expiration date of 2023-9-15,
for a premium of approximately $4.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.

Trade chiuso: obiettivo raggiunto:

SJM traded at $147.49 after earnings. I haven't monitored the options, but considering the premium and the price of the stock, it was at least a 2X on those calls.